I contacted support with this problem, exact same thing happened as another user described earlier: support-agent ran online diagnostics showing battery is fine, then advised me to turn down screen brightness and sent me links to support articles on how to extend battery life. Ironically one of the articles he advised me to check was referring to the low power feature which exist only on iphone only 😳. Would have hoped for a little more commitment from support after paying 89€ for the AppleCare+ plan. Thinking I will take the device back to the store (apple premium reseller) when I have time but don’t really expect any different procedure there. Fingers crossed next iPadOS update will address this problem.
Many of you are experiencing heat in lower right corner in portrait orientation(?). I have this too, but nothing really compared to what my iphone 8 does when e.g. watching a video or using internet sharing to my laptop. I really dont think it’s the battery that heats up the ipad. Try Googling “internal layout of ipad” and you will see most of the ipad is filled with the battery. If battery would heat up the whole device would warm up, not just that corner. On the cellular model at least the SIM tray is located in lower right corner.
ipad air 4th gen, 64gb, wifi+cellular. drains 3-5%/24hrs on standby, hard to estimate drainage when used but clearly faster than my sons 8th gen standard ipad bought in september 2020 and nowhere near the promised 10 hours of web browsing.